Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
1. This Title lays down the detailed rules for granting the compensatory aid referred to in Article 2 of Regulation (EC) No 2800/98. 2. The maximum amounts of compensatory aid shall be determined in accordance with Article 4(2) of Regulation (EC) No 2799/98.
The maximum level of the aid shall be converted, in the case of the Member States participating in the euro, into national currency units using the conversion rates irrevocably fixed by the Council in accordance with the first sentence of Article 109l(4) of the Treaty and, in the case of Member States not participating in the euro, into the national currency using the exchange rate at 1 January 1999.
The provisions on the grant of compensatory aid in Articles 7(1), and Articles 8 and 9 of Commission Regulation (EC) No 2808/98 (3) shall apply to compensatory aid under this Title. TITLE II Compensation for reductions in the rates applied to direct aid
Articles on this page are reproduced verbatim from official open data. See the attribution line.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.